The Fidelity Global Income Portfolio (FMPI.TO) has seen modest fluctuations this week amid limited news.
This week, Fidelity Global Income Portfolio's stock price experienced a slight uptick of 0.15% on Wednesday, closing at C$27.10. However, the stock has seen a decline of 1.13% over the past week. With no significant headlines or announcements impacting the stock recently, let's delve into the technical picture and performance metrics for this investment fund.
Investor takeaway: Despite the lack of recent news, Fidelity Global Income Portfolio continues to show stability in its price movement, remaining within its 52-week range, which may be of interest to long-term investors looking for steady income.
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Fidelity Global Income Portfolio
FMPI.TO
FMPI.TO
Fidelity Global Income Portfolio
WealthAwesome52W high
$27.71
52W low
$24.78
1W change
+1.44%
Beta
0.00
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FMPI's historical volatility
30-Day Vol
15.8%
Annualized
90-Day Vol
14.7%
Annualized
Trend (90d)
+28.2%
Annualized drift
90d Mean
C$30.31
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$28.35 | C$26.84 – C$29.94 |
| 60 trading days | C$29.31 | C$27.13 – C$31.67 |
| 90 trading days | C$30.31 | C$27.58 – C$33.33 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Year-to-date return of 6.65% indicates stability.
The ETF's NAV per share is currently C$27.10, reflecting a consistent performance despite external market fluctuations.
Bull case
The ETF has shown a year-to-date return of 6.65%, suggesting it can perform steadily in a low-volatility environment. This makes it appealing to conservative investors seeking reliable income.
Bear case
With a beta of 0.00, FMPI.TO may not respond well to market movements, which could limit growth opportunities in a bullish market.
Recent Price Action
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On Wednesday, Fidelity Global Income Portfolio (FMPI.TO) closed at C$27.10, reflecting a modest increase of 0.15% for the day. Over the past week, the stock has seen a decline of 1.13%, but it has remained relatively stable in the larger context of its year-to-date performance, which is up by 6.65%.
Technical Picture
Fidelity Global Income Portfolio currently trades within a 52-week range of C$24.78 to C$27.71, indicating it has utilized approximately 79% of this range. Its 50-day moving average stands at C$26.96, suggesting a slight upward trend of 0.5% compared to the current price, while the 200-day moving average is at C$26.08, showing a more substantial increase of 3.9% compared to the price. The stock's beta is recorded at 0.00, indicating a lack of volatility relative to the market, and the latest trading volume was 700 shares, which is below the 20-day average volume of 1,106 shares, reflecting a volume ratio of 0.63 times the average.
Insider Activity
There have been no recent insider transactions reported for Fidelity Global Income Portfolio, indicating stable management and investor confidence.
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